Twenty One, for example, is preparing to bring the first big Bitcoin treasury to Wall Street. They’ll pursue a strategy in the vein of Michael Saylor’s move with MicroStrategy (MSTR). At the same time, the company looks to foster Bitcoin adoption on a corporate and sovereign level.
Tether’s affiliated exchange, Bitfinex, is providing Twenty One with the 31,500 bitcoin. This contribution will allow Twenty One to go public with a treasury exceeding 42,000 bitcoin, making it the third-largest corporate Bitcoin treasury globally.
The company plans to accumulate Bitcoin, with intentions to "leverage its Bitcoin to generate returns for shareholders and benefit from Bitcoin’s potential for price appreciation."- Twenty One
Leading Twenty One is Jack Mallers, the founding CEO of Strike. Mallers is recognized as "one of Bitcoin’s most influential advocates" - company. His thinking underpinned El Salvador’s unusual choice to make Bitcoin legal tender in the first place.
In addition to accumulating Bitcoin, Twenty One will develop media operations and "Bitcoin-related financial and advisory services" to promote the broader adoption of Bitcoin. The company's plans include accumulating Bitcoin.
Twenty One's vision also incorporated elements of the Trump administration in its pitch, as the company moves toward its goal of going public. The stock of Twenty One has rocketed over 200% since Wednesday’s $810 million-dollar announcement.
Ayesha Kapoor
Senior Blockchain Writer
Ayesha Kapoor blends deep technical knowledge with accessible reporting to demystify blockchain, DeFi, and NFTs for the wider community. She thrives on collaborative work, balances empathy and analysis, and always brings clarity to complex innovations. Off hours, she’s an avid chess enthusiast and enjoys exploring street food across cities.
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